if modern company received $3,300 from connor young on march 12 for the total amount of an account that had been written off on march 1, the entry to reinstate the account under the allowance method would include a



Answer :

The entry to reinstate the account under the allowance method would include a credit to Allowance for Doubtful Accounts of $3,300.

An allowance is a quantum of plutocrats given or distributed generally at regular intervals for a specific purpose. In the environment of children, parents may give an allowance to their child for their eclectic particular spending.

The normal balance for Allowance for Doubtful Accounts is a credit balance. A company with a disbenefit or zero balance will have an advanced conforming entry than a company with a credit balance, and a company with a zero or credit balance will have a lower conforming entry than a company with a disbenefit balance, handed both companies need the same ending balance.

still, the only correct option is that Stanley had a disbenefit balance and Fowler had a credit balance in their Allowance for Doubtful Accounts at the end of 2017, If Stanley Cleaning Services has a larger conforming entry than Fowler Landscaping.

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